5/1038 North Road, Bentleigh East VIC 3165

Dual-level unit in McKinnon zone | Small complex with limited stock | Steady capital growth history | Strong rental yield potential This property offers a rare configuration advantage in a sought-after school zone, where dual-level layouts within small complexes are uncommon and command a premium. The McKinnon Secondary School catchment is a persistent demand driver, particularly for families and investors targeting long-term tenant profiles. The recent comparable sale at $510,000 suggests the market has stabilised after the 2021 peak, meaning a buyer entering now avoids the top while still securing a property with demonstrated 10% growth over the past decade. This unit suits a buyer seeking a low-maintenance holding in a high-demand corridor, with the dual-level design providing a point of difference against standard flats in the area. The primary risk is the softening price trajectory—the 2021 sale at $530,000 has not been surpassed, and the August 2025 comparable at $510,000 signals a slight downward adjustment. Buyers should factor in that further capital appreciation may be modest in the short term, but the rental yield at approximately 5.5% gross offsets this, making the property cash-flow positive from day one. The small complex size limits body corporate exposure, but also means fewer comparable sales to benchmark against. Hold this property for its income stream and school-zone demand; capital growth will follow the suburb’s long-term trajectory rather than short-term spikes